not necessarily, no. With SSDs you get much better IOPS for cold data, and many datasets fit in RAM. So a lot of (OLTP/HTAP) workloads can become CPU-bound due to sorting/hashing - bread and butter of joins.
Though many use network block storage (e.g. EBS), which is significantly slower than an SSD.
Though many use network block storage (e.g. EBS), which is significantly slower than an SSD.